Thom incs common stock has a par value of 1 and a current


Question: 1. Thom Inc.'s common stock has a par value of $1 and a current market price of $15. Explain why these amounts are different.

2. What is the formula for the payout ratio? What does it indicate?

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Accounting Basics: Thom incs common stock has a par value of 1 and a current
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